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Resolutions of Iftaa' Board

Resolution No(83): “Ruling on the Zakat of Orphans` Funds Run by the Orphans` Fund Development Foundation“

Date Added : 28-10-2015

 

Resolution No(83) by the Board of Iftaa`, Research and Islamic Studies:

“ Ruling on the Zakat of Orphans` Funds Run by the Orphans` Fund Development Foundation “

Date: 20/2/1426 AH, corresponding to 31/3/2005 AD.

 

 

 

Question:

What is the ruling on the Zakat due on orphans` funds run by the Orphans` Fund Development Foundation, to be given to the poor and needy through the Zakat Fund?

 

Answer: All perfect praise be to Allah.

After  the Board deliberated this issue, considered the opinions of Muslim jurists, and reviewed the code followed by the Orphans` Fund Development Foundation, which doesn`t grant the power to pay Zakat from the orphans` funds, it deemed that the Zakat Fund can`t ask the Foundation to pay that Zakat. And Allah Knows Best.

 

Iftaa` Board
Chairman of the Iftaa` Board, Chief Justice, Izzaldeen Al-Tamimi
Dr. Abdulsalam Al-Abbadi
Dr. Yousef Ghyzaan
Dr. Wasif Al-Bakhri
Dr. Abdukareem Al-Khasawneh
Sheikh Sae`id Hijjawi
Sheikh Nae`im Mujahid

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Summarized Fatawaa

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Prayer isn`t nullified by having thoughts while performing it, provided that the praying person offers all of its pillars and meets all of its conditions. However, the reward decreases significantly in the absence of reverence since a praying person is rewarded according to the attentiveness of his/her heart during prayer.

I have 490 shares in a commercial company, and they have been held for a year. The price of each share is one dinar, noting that the shares are at a loss. I want to know the amount of zakat due on them?
 
 
 
 
 

Commercial shares are subject to zakat based on their current market value, even if they are at a loss. The zakat rate is 2.5%. And Allah Knows Best.

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As for purchasing the car, paying its price, and owning it, this is a valid sale with no issue. However, the condition of refunding the price — whether the car is returned to the seller or not — is an invalid condition that nullifies the entire contract. Therefore, this transaction is invalid and not permissible. And Allah Knows Best.

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Yes, it is permissible because "The Living" is one of Allah`s Attributes.

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